TBB BUREAU NEW DELHI, FEBRUARY 12, 2022 Coal India Limited (CIL) is currently supplying around 3.4 Lakh tonnes of coal per day to non-power sector (NPS) which is the company’s average supply to this segment. With more than 37 million tonnes (MTs) of coal at its pitheads, CIL aims to further step up supplies to this sector, Union Coal Ministry ...

TBB BUREAU BHUBANESWAR, FEBRUARY 11, 2022 Union Bank of India on Friday signed a memorandum of understanding (MoU) with Odisha Mining Corporation Limited (OMC), a State PSU and Gold category company towards payment gateway facility for receiving sales proceeds of OMC. The MoU was signed by RK Jaglan, General Manager, Govt. Business, Union Bank of India and BB Pani, Chief ...

TBB BUREAU ROURKELA, FEBRUARY 11, 2022 Atanu Bhowmick assumed charge as Director Incharge of Rourkela Steel Plant (RSP) on Friday. Prior to this new assignment, he was Executive Director (Works) of Bokaro Steel Plant. Bhowmick joined Steel Authority of India Limited (SAIL)’s Rourkela Steel Plant in 1988 after completing B. Tech in Metallurgy from NIT (the erstwhile REC), Rourkela. His ...

TBB BUREAU NEW DELHI, FEBRUARY 11, 2022 Vedanta Aluminium Business, India’s largest producer of the aluminium and value-added products, will collaborate with cement, construction and infrastructure industries for gainful utilization of its byproducts fly ash and bauxite-residue. At a national level webinar held today with global experts and participants from the cement industry, Vedanta Aluminium also sought interest from cement ...

TBB BUREAU NEW DELHI, FEBRUARY 11, 2022 Naveen Jindal-led Jindal Steel and Power bagged Utkal-C coal mine while while Aditya Birla Group company Hindalco Industries was the highest bidder for the Meenakshi Mine in Odisha during the second and third days of auction of coal blocks for commercial use. BS Ispat Ltd bagged the Majra mine in Maharashtra, while Assam ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022 Industry body Confederation of Indian Industry (CII) has sought Odisha Chief Minister Naveen Patnaik’s intervention in resolving the ongoing coal crisis in the State which is affecting the business of the state-based industries. In a letter to the Chief Minister, CII Odisha State Council Chairman Manish Kharbanda said, “Odisha’s significant trade bodies like UCCI, ...

TBB BUREAU SAMBALPUR, FEBRUARY 10, 2022 Mahanadi Coalfields Limited (MCL) added a new feather to its cap by crossing the coal dispatch figure of 150 million tonnes in the current financial year. MCL Chairman-cum-Managing Director OP Singh congratulated the Team MCL for creating history by surpassing coal dispatch of 150 million tonnes on Wednesday. Singh also thanked the Indian Railways ...

TBB BUREAU MUMBAI, FEBRUARY 10, 2022 Aluminium major Hindalco Industries on Thursday reported 96 percent jump in consolidated net profit at Rs 3,675 crore for the third quarter (Q3) of the current financial year (FY22) as against Rs 1,877 crore in the year-ago period. Consolidated revenue from operations rose 44 percent to Rs 50,272 crore from Rs 34,958 crore in ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022 The Institute of Company Secretaries of India (ICSI), New Delhi organised ICSI Constitution Day Quiz-2021 on 26th November, 2021 through online mode to commemorate the Constitution Day of India in National Level for the students of Schools/Colleges/Universities across the Country under the banner of “Azad Ka Amrit Mahotsav”.  Snehil Garg, a B. Com student ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022  Reliance Jewels, India’s leading jewellery brand, has launched “Floreo”- a special Valentine’s Day collection for those who help love grow. With the concept of love growing and becoming stronger with time, Reliance Jewels embraces the season of love with the launch of this exquisite diamond jewellery collection with minimalistic and modern designs to celebrate ...

TBB BUREAU NEW DELHI, FEBRUARY 09, 2022 Riding on higher income, state-run Steel Authority of India Ltd (SAIL) on Wednesday reported a 4.1 per cent rise in consolidated net profit at Rs 1,528.54 crore for the third quarter of the current fiscal (Q3FY22) as compared to Rs 1,468.20 crore in the year-ago period. Its consolidated income during the quarter under ...

TBB BUREAU NEW DELHI, FEBRUARY 9, 2022 Notwithstanding low railway rake availability, Naveen Jindal-led Jindal Steel and Power (JSPL) on Wednesday reported that its steel sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year, as compared to 5.81 lakh tonnes in January 2021. V R Sharma, MD “We have surpassed our ...

TBB BUREAU NEW DELHI, FEBRUARY 9, 2022 Tata Power, one of India’s largest integrated power companies and the leading progressive green energy brand with operations across the entire power value chain, on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the third quarter of the current financial year (Q3FY22) on the ...

TBB BUREAU ROURKELA, FEBRUARY 9, 2022 Rourkela Steel Plant (RSP) has administered more than 11,200 doses of COVID-19 vaccines to the employees, dependants, ex-employees, contract workers, residents of servant quarters, slum dwellers and general public. RSP has purchased 12,000 Covishield doses and the vaccination is still going on for the persons above 18 years of age, at the Rehabilitation Centre ...

TBB BUREAU BHUBANESWAR, FEBRUARY 9, 2022 Joining hands with Indian Red Cross Society for FARAH (Financial Assistance to Road Accident through Heavy Vehicle) project, ArcelorMittal Nippon Steel India (AM/NS India) has provided financial support to the tune of Rs. 30 lakh to the Sundargarh District Branch of Indian Red Cross Society, on Tuesday. AM/NS India Lead-CSR Jitesh Rath handed over ...

TBB BUREAU MUMBAI, FEBRUARY 9, 2022 Bank of Baroda (BoB) on Wednesday announced that it would celebrate ‘Azadi Ka Amrit Mahotsav’, an initiative by the Government of India to commemorate 75 years of an independent and progressive India, with the launch of a special campaign comprising a series of events, customer meets and on-ground initiatives throughout the month of February ...

TBB BUREAU BHUBANESWAR, FEBRUARY 09, 2022 Daikin Air-conditioning India Pvt. Ltd., a subsidiary of Daikin Industries Ltd, Japan, expects the share of imported components in its total manufacturing to come down to close to zero from current levels of around 40 per cent once its proposed third unit in Andhra Pradesh starts commercial production. This was stated by Kuldeepak Virmani, ...

TBB BUREAU BENGALURU, FEBRUARY 9, 2022 Acer India, the leading PC brand on Wednesday announced the launch of its second laptop — Aspire 3 — under the Make in India scheme. The Aspire 3 is manufactured at the state-of-the-art manufacturing facility in Noida. This is the second laptop to come of the manufacturing line after the acclaimed TravelMate series laptops. ...

TBB BUREAU MUMBAI/BHUBANESWAR, FEBRUARY 8, 2022 JioPages is the first Indian browser to launch an in-built feature which ensures online privacy by stopping trackers from following the internet user while they browse online. With the launch of ‘Secure Mode’, JioPages is the go-to browser for Indian users for a secure browsing experience in addition to faster & customizable browsing. Now ...

TBB BUREAU MUMBAI, FEBRUARY 8, 2022 The long-term partnership and collaboration between Jio and MediaTek, the world’s fourth-largest fabless semiconductor company, to revolutionize online gaming in India, has completed yet another successful esports tournament featuring the immensely popular game title, BATTLEGROUNDS MOBILE INDIA (BGMI), targeting both casual and professional gaming enthusiasts as a whole. BGMI Gaming Masters – with the ...

TBB BUREAU BHUBANESWAR, FEBRUARY 8, 2022 Continuing to solidify its leadership in the health and immunity space through constant product innovation, leading FMCG Amway India has introduced a range of nutrition supplements in trendy, tasty, convenient and simplified formats like flavorful gummies and mouth dissolving jelly strips under its flagship brand ‘Nutrilite’. The range is power-packed with essential nutrients for ...

TBB BUREAU PUNE, FEBRUARY 8, 2022 Reiterating its commitment of continuing to develop the future talent pool in the country and make them industry ready through its academic upskilling initiatives, country’s largest luxury car maker Mercedes-Benz today introduced an industry-focused unique EV module in its highly popular Advanced Diploma in Automotive Mechatronics (ADAM) course. To also promote diversity and equal ...

TBB BUREAU BHUBANESWAR, FEBRUARY 8, 2022 Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs), has set up a dedicated vertical with an objective to increase the resilience of MSME sector to combat the climate change and with a view to facilitate greening of ...

TBB BUREAU NEW DELHI, FEBRUARY 8, 2022 Riding on strong product portfolio, customer centricity, network expansion, rural focus and innovative marketing initiatives, Renault, the number one European brand in India, on Tuesday reached a significant milestone of 8 lakh customers in India. In a decade of its presence in India, Renault has made significant progress which includes a state-of-the-art manufacturing ...

NALCO Q3FY22 net profit jumps 246 pc to Rs 831 cr TBB BUREAU BHUBANESWAR, FEBRUARY 7, 2022 Driven by sustained supply of raw material, optimized production, strategic sourcing of power, particularly during the period of coal crisis, better realization and effective capacity utilization of its operational units, Navratna CPSE National Aluminium Company Limited (NALCO) has surpassed several milestones in its ...

TBB BUREAU BHUBANESWAR, FEBRUARY 7, 2022 As many as 387 people received free medical treatment and medicines at the multi-specialty health camp organised by the Hirakud Unit of Hidalco at the Hirakud Government Hospital recently. The camp was conducted with the medical support of Dr. Netra Nanda Dora, Dr. Keshaba Budulu, Dr. Padmalaya Mishra, Dr. Asuthosh Mishra, Dr. Chandan Marandi, ...

TBB BUREAU KOLKATA, FEBRUARY 7, 2022  Gainwell Engineering Private Limited, today announced the launch of its operations by entering into atechnology licensing agreement for underground mining equipment with Caterpillar, world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The agreement will enable Gainwell Engineering to manufacture medium & high seam ...

TBB BUREAU BHUBANESWAR, FEBRUARY 7, 2022 Sukla Mistry on Monday took over as the first woman functional director on the board of Indian Oil Corporation (IOC), the nation’s largest oil refining and fuel marketing company. She has taken over as Director (Refineries) of IOC, the company said in a statement. She will also be holding the positions of Director on ...

TBB BUREAU BHUBANESWAR, FEBRUARY 6, 2022 The Odisha Electricity Regulatory Commission (OERC), the state power regulator tasked with protecting consumer interests by keeping power tariffs low and avoiding unnecessary increases, has safeguarded the interest of common consumers by warding off a possible hike in tariffs due to imprudence in power purchases by state utility GRIDCO. Hearing GRIDCO’s petition against Vedanta’s ...

TBB BUREAU BHUBANESWAR, FEBRUARY 4, 2022 TATWA Technologies Limited, a leading IT solution provider of Odisha, on Friday celebrated its 20th Foundation Day – IMPULSE 2022. The recent wave of the pandemic restricting a physical congregation, the celebrations were conducted digitally, connecting over 3000 stakeholders from across the globe and i Delivery Centers of TATWA, spread across the cities of ...

TBB BUREAU BHUBANESWAR, FEBRUARY 4, 2022 Ramesh Chandra Joshi on Friday took charge as the new Director (Finance) of Navaratna CPSE National Aluminium Company Limited (NALCO).   Prior to the new assignment, he was working as Group General Manager (Finance). An experienced finance professional, Joshi has a rich experience in various area of Finance spanning over 32 years, which includes ...

TBB BUREAU ANGUL, FEBRUARY 4, 2022 JSPL Foundation, the Corporate Social Responsibility arm of Jindal Steel and Power (JSP), on Friday observed World Cancer Day at its periphery village in Angul. On this occasion, the medical staff of JSP’s Angul Unit attended a programme to educate the community about the signs and symptoms of cancer, and how a person can ...

TBB BUREAU ROURKELA, FEBRUARY 4, 2022 Rourkela Steel Plant (RSP), a unit of Maharatna steel conglomerate SAIL, registered ‘best-ever’ performance in key areas in the first 10 months of the current fiscal i.e. April-2021 to January-2022. RSP produced 35,73,209 tons of Hot Metal, 32,96,549 tons of Crude Steel and 30,08,678 tons of Saleable Steel to register Year-on-Year (Y-o-Y) growth of ...

TBB BUREAU NEW DELHI, FEBRUARY 4, 2022 The Department of Expenditure, Ministry of Finance, today released monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore to 17 States.  This was the 11th instalment of the PDRD grant released to the States. The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. ...

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 Reliance Industries’ telecom arm Jio Platforms on Friday announced an investment of $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup, founded by Pranav Mistry, for a 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two ...

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 India’s leading fashion company Aditya Birla Fashion and Retail Ltd (ABFRL) will set up a platform to foray in the direct-to-consumer (D2C) business. The board of directors of the company in their meeting on Friday approved the setting up of the new subsidiary. Its D2C platform is focused towards building a portfolio of distinct, ...

TBB BUREAU BHUBANESWAR, FEBRUARY 3, 2022           The Vedanta BALCO Medical Centre (BMC), which has emerged as central India’s leading cancer care hospital, has tied up with Odisha Government’s Biju Swasthya Kalyan Yojana (BSKY), creating easier avenues for BSKY beneficiaries to avail quality cancer care. Launched earlier in January by the State Government, the Biju Swasthya Kalyan Yojana aims to ...

TBB BUREAU MUMBAI, FEBRUARY 3, 2022 Future Generali India Insurance Company Limited (FGII) on Wednesday announced the launch of its innovative ‘FG Gift of Health’ product. Through this unique offering, FGII aims to empower individuals by providing them with an insurance product that can be gifted by anyone to support and secure people who matter to them, be it the ...

TBB BUREAU BHUBANESWAR, FEBRUARY 2, 2022 As part of its long term commitment towards renewable energy transition, Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has added its ground-mounted solar power plant capacity to 17.1 MW (from 2.4MW in 2014), in Cuttack. Spread over 49 acres, the solar power plant is ...

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

TBB BUREAU NEW DELHI, FEBRUARY 1, 2022 Indian Chamber of Commerce (ICC) has lauded the growth-oriented policy direction of the Union Budget 2022-23 based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy. Commenting on the Union Budget 2022-23 presented in ...

TBB BUREAU NEW DELHI, FEB 1, 2022 India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022 With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022            GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period.            Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, the Finance Ministry said.            “The gross GST revenue ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022 Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). The co-branded credit cards are offered on NCPI’s RuPay Platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. Starting the New Year on ...

TBB BUREAU MUMBAI, JANUARY 31, 2022 Reliance Brands Limited (RBL) on Monday said it has inked a deal with designer Rahul Mishra to launch ready-to-wear business through a joint venture. RBL, which will hold 60 per cent in the venture, plans to open flagship stores in major fashion capitals within the next five years. Rahul Mishra with Darshan Mehta, MD ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022 The combined Index of Eight Core Industries stood at 141.3 in December 2021, which is an increase of 3.8 per cent (provisional) as compared to December 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Cement and Electricity industries increased in December 2021 over the corresponding period of last year. The Office ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022          The Union government on Monday approved sale of Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore.          A joint venture of MMTC, NMDC, BHEL, MECON, OMC and IPICOL, NINL has a 1.1 million tonnes (MT) capacity integrated steel plant at Kalinganagar in Odisha. The plant is ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022 India to witness GDP growth of 8.0-8.5 per cent in 2022-23, supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending. The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman tabled the Economic Survey 2021-22 in ...

TBB BUREAU MUMBAI, JANUARY 31, 2022 Taking a leap towards adopting eco-friendly fashion, EyeMyEye – India’s most loved eyewear platform takes pride in presenting an excellent collection of distinctive sustainable eyewear frames, the ‘Bamboo Eyewear Range’ in India. Designed from 100% pure &organic bamboo material, this collection offers a range of unique Eyeglasses & Polarized Sunglasses that will stay fashionable ...